You may be wondering, 'At what point should I talk to my real estate agent about PriceLock? And when do I actually buy a contract?' Both are great questions. You'll want to talk to your real estate agent before closing to determine if PriceLock is a good fit for you. If you are at all concerned about your investment with regard to future housing prices, talk to your real estate agent about how PriceLock can protect your home's value.

If you do decide to purchase a PriceLock contract, you will need to do so at closing through your real estate agent. You will pay a one-time fee at closing, or you can choose to work it into the price of your home. A PriceLock contract is surprisingly affordable, typically costing less than the points you'd pay on a conventional mortgage. It's a small investment when you consider how much money it can potentially save you in the future.